Earlier this month the Securities and Exchange Commission proposed rules to implement the whistleblower and anti-retaliation provisions of Section 21F of the Securities Exchange Act of 1934, which was added by Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Consistent with Dodd-Frank, the proposed rules provide that persons who voluntarily offer the SEC original information leading to the successful enforcement of a federal court or administrative action in which it obtains monetary sanctions totaling more than $1 million is entitled to an award of between 10% and 30% of the amount collected. Penny Somer-Greif of Ober|Kaler looks at the proposed rules.